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Alameda’s Caroline Ellison and FTX’s Gary Wang Hit With Additional Fraud Charges

The United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have hit former Alameda Research CEO Caroline Ellison and former FTX co-founder Gary Wang with fresh fraud charges.

The new charges from the SEC and CFTC come as the pair plead guilty to federal fraud charges filed by the U.S. Department of Justice (DOJ) earlier on Dec. 22.

SEC states that Ellison and Wang were charged for their role in the "multiyear scheme to defraud equity investors in FTX,” with the SEC also investigating whether other securities laws were violated as well.

(By BRAYDEN LINDREA)

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